The $713.34 Old Age Security Pension will be due in October 2024. The upcoming OAS payment will provide additional financial relief to families and individuals on Canada Revenue Agency benefits. The CRA offers this benefit payment to double the monthly income of the existing beneficiaries. In October 2024, millions of Canadian seniors will get the $713.34 Old Age Security Pension.
$713.34 Old Age Security Pension In October 2024
The Old Age Security Payment is a federal payment, and the Canada Revenue Agency provides these benefits to eligible candidates. The federal benefits are designed to offer financial help and support in old age. Once Canadian residents reach a certain age, the CRA starts their enrollment and offers monthly payments. As of now, there are other payments from the CRA for the OAS Beneficiaries. Ultimately, the annual income of the applicants and claimants decides the payment amount. In case the annual income reaches a particular threshold, then it will reduce the monthly payment amount of the benefits in 2024.
$713.34 Old Age Security Pension in October 2024 Brief Details
| Title | $713.34 Old Age Security Pension |
| Authority Name | Canada Revenue Agency |
| Country Origin | Canada |
| Category | Federal Payment for Old Age Security Beneficiaries |
| Payment Amount | $713.34 |
| Expected Payment Dates | October 2024 |
| Current Status | Yet to be Released |
| Official Website | www.canada.ca |
$713.34 Old Age Security Pension Payment Dates for October 2024
$713.34 Old Age Security Pension payment is coming on the 29th of October 2024 and eligible candidates can use the benefit amount once it is officially updated. The CRA will directly transfer the benefit amount into the bank account of the candidates and there will be no need for advance registration.
If you are already getting the benefits, then you are not required to get yourself registered or complete a formal application. But in case, you are a new beneficiary, then apply at the earliest possible. The $713.34 Old Age Security Pension might be delayed for any reason, in this case, individuals can wait for three business days before taking any action.
Who is Eligible for a $713.34 Old Age Security Pension?
- Applicants have a social insurance number
- They have been residing in the country for more than 10 years out of which, they have stayed in the county for 5 years in a row
- Have an annual income that does not breach the CRA thresholds in 2024
- They have reached the age of 65 and they are not younger than the age of 60 in any case
- There is another additional 10% increase for the individuals who have crossed the age of 75
- $713.34 Old Age Security Pension is a taxable benefit and the CRA is entitled to levy taxes on the benefit
$713.34 Old Age Security Pension Fact Check
There are other regular OAS Payments in October 2024 but this particular $713.34 Old Age Security Pension is not officially updated by the CRA yet. To know more about the following benefits, stay updated. The federal government given the inflation levels and cost of living in the country has been mulling over the new payment so that it can help families raise their children and afford a healthy meal and comfortable housing facility in 2024. All the latest details regarding the $713.34 Old Age Security Pension are available on the CRA’s official website.
FAQs
When is the $713.34 Old Age Security Pension in October 2024 coming?
As of now, the CRA has not notified about the $713.34 Old Age Security Pension so stay updated to miss out on the huge one-time benefit coming in 2024.
Who is eligible for the $713.34 Old Age Security Pension coming in October 2024?
The applicants who are already getting the OAS benefits will receive the $713.34 Old Age Security Pension in October 2024.
How to apply for the $713.34 Old Age Security Pension?
Claimants can visit the official website and start the process by login details by the way there is no application needed for the $713.34 Old Age Security Pension, the CRA will automatically enroll the eligible beneficiaries.
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